Company will remain standalone operation under current management with focus on solution integration and international growth
HUNTSVILLE, Ala., Sept. 10, 2015 — (PRNewswire) — Intergraph® Process, Power & Marine, part of Hexagon and the world's leading provider of enterprise engineering software enabling smarter design and operation of plants, ships and offshore facilities, today announced an agreement to acquire EcoSys Management LLC, a provider of best-in-class enterprise project controls software.
The strategic acquisition of EcoSys will broaden Intergraph Process, Power & Marine's leadership position as a Project Enterprise solution provider by adding project controls to its existing enterprise portfolio. EcoSys' flagship software solution, EcoSys EPC (Enterprise Planning & Controls), has been widely adopted by the project controls industry, both in PPM (Process, Power & Marine) and AEC (Architectural, Engineering & Construction) markets. A web-based platform introduced in 2006, it provides the deepest capabilities to support the complete spectrum of solutions within the Project Controls discipline – from project portfolio management and capital program management, through budgeting, forecasting and performance reporting. It bridges the gap that has traditionally existed between planning and managing project execution. EcoSys sells its software for on-premise use, as a hosted solution, and as a Software as a Service (SaaS) model.
Inc. magazine recently ranked EcoSys on its 34th annual Inc. 5000 List, a prestigious ranking of U.S.-based, privately held, for profit and independent companies. EcoSys' revenue increased 222 percent during the three-year span evaluated by Inc. magazine.
EcoSys, which has approximately 100 employees in the United States, will continue as a standalone operation under its current management team, which is comprised of software veterans with hands-on experience designing and implementing world-class commercial enterprise software currently used by thousands of global organizations. EcoSys is headquartered in Broomfield, Colorado, a Denver suburb, with a research and development facility in New York City, an office in Houston, and sales support locations in London and Sydney.
Founded in 2000 by the original developers of Primavera's enterprise project management system (now known as P6), EcoSys has implemented enterprise solutions for over 250 leading organizations in the public and private sectors for a range of industries including energy and utilities, oil, gas and chemicals, engineering and construction, transportation, information technology and government contracting.
Its customers include Alstom, Air Products, American Electric Power, Bechtel, Los Angeles County Metropolitan Transportation Authority, Marathon Petroleum, Suncor and Technip among others, across a wide range of industries.
Gerhard Sallinger, Intergraph Process, Power & Marine president, said, "The acquisition of EcoSys will allow us to offer another next-generation solution and technical expertise to deliver even greater productivity and value for our current and future customers worldwide. EcoSys technology will be strategic for our expanded offering to the AEC/BIM markets to improve project execution. This acquisition, which will be the third of 2015, is another example of Intergraph's commitment to expand and broaden our software solutions portfolio and invest in the future."
"We at EcoSys are very excited to be joining an industry leader like Intergraph and becoming part of the Hexagon family," said Javier Sloninsky, co-founder and CEO of EcoSys. "With such a powerful combination of technologies, we can help our customers improve project performance and productivity like never before. EcoSys EPC, our project controls software platform, is an ideal fit and this acquisition will create significantly more growth opportunities by allowing our company to leverage Intergraph's technology portfolio, channel infrastructure and global customer contacts."
EcoSys was advised in the transaction by Aeris Partners, a leading information technology M&A advisory firm.
For further information about the acquisition, a downloadable FAQ is available at www.intergraph.com/assets/pdf/EcoSys_EPC_FAQ.
EcoSys is a SmartPlant® Alliance Program technology partner. The primary goal of the SmartPlant Alliance Program is to increase the value of SmartPlant Enterprise by enabling open integration with other systems that add value for Intergraph clients. SmartPlant Alliance technology members are software and solution providers who integrate their products with SmartPlant Enterprise technology. For more information about SmartPlant Enterprise, visit www.intergraph.com/products/ppm/smartplant.
Intergraph Technical User Forum (TUF) LinkedIn groups provide an online discussion forum for year-round networking between users. To learn more about Intergraph solutions and network with other Intergraph users, visit www.intergraph.com/go/tuf.
The ARC Advisory Group, a leading industry analyst firm, ranked Intergraph as the No. 1 overall worldwide provider of engineering solutions for plant design (process, power and marine), according to its "Engineering Design Tools for Plants and Infrastructure Worldwide Outlook Market Analysis and Forecast Through 2019."
About EcoSys
EcoSys is a global provider of enterprise project controls software. Its easy-to-use, Web-based platform, EcoSys EPC, helps organizations worldwide plan and manage project portfolios, control project costs and improve project performance. EcoSys customers execute some of the world's largest projects and rely on EcoSys EPC to implement best practices for full life cycle project controls. Strengths include capital planning, budgeting and forecasting, progress measurement, project portfolio management, change management, performance and earned value management, workforce planning, contract management and data integration and reporting. For more information, visit
www.ecosys.net.
About Intergraph
Intergraph helps the world work smarter. The company's software and solutions improve the lives of millions of people through better facilities, safer communities and more reliable operations.
Intergraph Process, Power & Marine (PP&M) is the world's leading provider of enterprise engineering software enabling smarter design and operation of plants, ships and offshore facilities. Intergraph Security, Government & Infrastructure (SG&I) is the leader in smart solutions for emergency response, utilities, transportation and other global challenges. For more information, visit www.intergraph.com.
Intergraph is part of Hexagon (Nasdaq Stockholm: HEXA B; hexagon.com), a leading global provider of information technologies that drive quality and productivity improvements across geospatial and industrial enterprise applications.
© 2015 Intergraph Corporation. All rights reserved. Intergraph is part of Hexagon. Intergraph and the Intergraph logo are registered trademarks of Intergraph Corporation or its subsidiaries in the United States and in other countries. Other brands and product names are trademarks of their respective owners.
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SOURCE Intergraph
